Exhibit 10.2(e)


 


LEASE AMENDMENT


 


	
  DATED:

  	
  March 31, 2003

  	
   

  
	
   

  	
   

  	
   

  
	
  BETWEEN:

  	
  PACIFIC REALTY ASSOCIATES, L.P.,

  	
   

  
	
   

  	
  a Delaware limited partnership

  	
  LANDLORD

  
	
   

  	
   

  	
   

  
	
  AND:

  	
  TRM COPY CENTERS (USA) CORPORATION,

  	
   

  
	
   

  	
  an Oregon corporation

  	
  TENANT

  



 


 


By written lease dated October 14, 1991, Tenant leased from
Landlord approximately 27,730 square feet of warehouse and office space
located in Building No. 10, Pacific Business Park South, 12439 N.E. Marx
Street, Portland, Oregon 97230.  By
Lease Amendment dated November 12, 1993, Tenant leased an additional
approximately 3,770 square feet of office and warehouse space located adjacent
to the Premises in Building No. 10, Pacific Business Park South.  Tenant’s leased area now totals approximately
31,500 square feet of warehouse and office space (hereinafter referred to as
the “Premises”).  By Lease Amendment
dated February 7, 1994, the Lease was amended.  By Lease Amendment dated August 10, 1994,
the Lease was extended.  Such documents
hereinafter are referred to as the “Lease.” 
The Lease expires March 31, 2010.


 


Tenant
now wishes to relinquish approximately 12,928 square feet of office space
(hereinafter referred to as the “First Relinquished Space”) and as further
described on the attached Exhibit A.


 


NOW,
THEREFORE, the parties agree as follows:


 


1.                                       Tenant
has vacated the First Relinquished Space as of February 28, 2003, leaving
same in broom clean condition and good repair. 
Tenant’s total leased area in the Premises shall decrease from
approximately 31,500 to approximately 18,572 square feet of warehouse
and office space.  Landlord has accepted
the First Relinquished Space in its present broom clean condition.


 


2.                                       Commencing
March 1, 2003 and continuing through the existing term, Tenant shall pay
base rent pursuant to the following revised rent schedule:


 




	
  Period

  	
   

  	
  Base Rent
  Per

  Month

  	
   

  
	
  March 1, 2003 through March 31,
  2003

  	
   

  	
  $

  	
  0.00

  	
   

  
	
  April 1, 2003 through July 31,
  2004

  	
   

  	
  $

  	
  18,201.00

  	
   

  
	
  August 1, 2004 through March 31,
  2010

  	
   

  	
  $

  	
  10,735.00

  	
   

  






 


3.                                       This
Agreement is contingent upon Landlord obtaining a fully executed lease
agreement for the First Relinquished Space from a third party.  Landlord acknowledges it is in receipt of
such lease agreement.


 


4.                                       Paragraph
20 (c) of the Lease provided for the replacement of carpet, sheet vinyl and the
repainting of the Premises at the end of the fifth and tenth years of the
existing lease term.  Landlord and
Tenant acknowledge that such tenant improvement work has not occurred as of the
date of this Agreement.  Landlord agrees
to credit Tenant for the cost of such tenant improvement work for the First
Relinquished Space equal to one month of free base rent as referenced in
Paragraph 2 above.  Tenant shall
retain the right to such tenant improvement work for the Premises through the
end of the existing term.


 


5.                                       Upon
execution of this Agreement and receipt by Landlord of a fully executed lease
agreement for the First Relinquished Space from a third party, Tenant’s
obligations under the Lease for the First Relinquished Space shall terminate
effective as of February 28, 2003, with the exception of the payment of
base rent as referenced in Paragraph 2 above. 
Tenant’s obligation for the payment of taxes and assessments for the
First Relinquished Space, (which represents .410 percent of the total Building
square footage), shall terminate effective as of March 1, 2003.  Tenant


 

















 


shall be responsible for the payment of taxes and operating
expenses for the remaining Premises, which represents .589 percent of the
total Building square footage.


 


6.                                       Except
as expressly modified hereby, all terms of the Lease shall remain in full force
and effect and shall continue through the existing term.


 


IN WITNESS WHEREOF, the
parties hereto have executed this Agreement on the respective dates set
opposite their signatures below, but this Agreement on behalf of such party
shall be deemed to have been dated as of the date first above written.


 


	
   

  	
  LANDLORD:

  
	
   

  	
   

  	
   

  
	
   

  	
  PACIFIC
  REALTY ASSOCIATES, L.P.,

  
	
   

  	
  a
  Delaware limited partnership

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  PacTrust
  Realty, Inc.,

  
	
   

  	
   

  	
  a
  Delaware corporation,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  April 6,

  	
  ,
  2003

  	
   

  	
  By:

  	
  /s/
  David G. Hicks

  	
   

  
	
   

  	
   

  	
   

  	
  David
  G. Hicks

  
	
   

  	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
  TRM COPY CENTERS (USA) CORPORATION,

  
	
   

  	
  an
  Oregon corporation

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  April 6,

  	
  ,2003

  	
  By:

  	
  /s/
  Kenneth L. Tepper

  	
   

  
	
   

  	
  Name:

  	
  Kenneth
  L. Tepper

  	
   

  
	
   

  	
  Title:

  	
  President
  & CEO